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Events

March 18, 2019
 
China Fishmeal Weekly:  Lukewarm buying interest exerts pressure on market (week ended Mar 15, 2019)
                             
An eFeedLink Exclusive
 
 
Price summary
 
Prices stayed weak.
 

Weekly transacted prices of imported fishmeal at major Chinese ports (RMB/tonne)

Price type

Port/Inland city

Origin

Grade/
Protein content/
stock type

Price as of
Mar 8

Price as of
Mar 15

Price change

Port

Dalian

Peru

FAQ/65%/new

9,800

9,800

0

 

Tianjin

Peru

FAQ/67%/new

9,800

9,800

0

 

Shanghai

Peru

FAQ/65%/new

9,800

9,600

-200

 

Huangpu

Peru

FAQ/65%/new

9,600

9,600

0

Rail station

Zhengzhou

Peru

FAQ/65%/new

-

-

-

 

Wuhan

Peru

FAQ/65%/new

-

-

-

 

Shenyang

Peru

FAQ/65%/new

-

-

-

 

Chengdu

Peru

FAQ/65%/new

-

-

-

Prices refer to port transaction prices and are for reference only.
RMB1=US$0.1490 (Mar 18)

 
 
Global markets
 
CNF prices of Peruvian prime-grade fishmeal remained at US$1,550/tonne.
 
 
Market analysis
 
Although aqua farming expanded with the weather temperatures rising, feed producers were not keen to build fishmeal stockpiles. With demand slow, port inventories of fishmeal climbed to 184.000 tonnes, increased by 3.4% compared with the previous week. IN some regions, traders who were eager to clear stocks lowered prices.
 
 
Market forecast
 
Growing aqua feed consumption should help to lift fishmeal demand. However, as feed producers tread prudently, the upward scope of the market will be limited.
 

 

 


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